$890,000
SOLD JUL 19, 2018

7 Ocean Way Camden, ME 04843

3 Beds
8 Baths
3,956 Sq Ft
$1,958/mo HOA Fee

Recently Sold

$225 Per Sq Ft

Highlights

  • 449 Feet of Waterfront
  • Deep Water Access
  • Contemporary Architecture
  • Camden-Rockport Elementary School Rated A-
  • 1.38 Acre Lot
  • Wood Flooring

About This Home

As of May 2021

This home is located at 7 Ocean Way, Camden, ME 04843 and is currently priced at $890,000, approximately $224 per square foot. This property was built in 1982. 7 Ocean Way is a home located in Knox County with nearby schools including Camden-Rockport Elementary School, Camden-Rockport Middle School, and Camden Hills Regional High School.

Last Agent to Sell the Property

Jamie Weymouth

Megunticook Real Estate Listed on: 06/21/2018

Last Buyer's Agent

Leslie Tranchell

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,090

Year Built

  • Built in 1982

Lot Details

  • 449 Feet of Waterfront
  • Ocean Front
  • Landscaped

HOA Fees

  • $1,958 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 3,956 Sq Ft Home
  • 2 Fireplaces

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Deep Water Access

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater

Community Details

  • 14 Units
  • FHA/VA Approved Complex

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number &7OceanWay

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,090

Year Built

Built in 1982

Lot Details

0

HOA Fees

$1,958 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 1.38
  • Water Body Name: PenBay
  • MLS Status: Closed
  • Subdivision Name: HOA
  • Above Grade Finished Sq Ft: 3956.0
  • Architectural Style: Contemporary
  • Year Built: 1982
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.38
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 3956.0
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 1958.0
  • Location Information:Fee Frequency Paid: Monthly
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: Yes
  • Condominium:Units in Building: 14
  • Water Heater:Electric2: Yes
  • Gas:No Gas: Yes
  • Water Info:Waterfront Amount -: 449.0
  • Water Info:Water Frontage Owned -: 449.0
  • Transportation:Deep Water Access: Yes
  • Cooling:AC Units: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Property Information # Fireplaces: 2
  • Special Features: None

Interior Features

  • Has Basement: Other, Not Applicable
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 2
  • Fireplace: Yes

Exterior Features

  • Lot Features: Landscaped, Near Town
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Shingle Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved

Utilities

  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1958.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 60112.8
  • Parcel #: &7OceanWay
  • Zoning: BH

Multi Family

  • Number Of Units In Community: 14

Tax Info

  • Tax Annual Amount: 10090.0
  • Tax Book Number: 2390
  • Tax Lot: 13
  • Tax Map Number: 124
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2020
Closed on
May 7, 2021
Sold by
James G Ray Jr Ret
Bought by
Rowe Kimberly S and Brock Hugh O
Seller's Agent
Leslie Tranchell
Legacy Properties Sotheby's International Realty
Buyer's Agent
Carleton Johnson
Rubenstein Real Estate Co., Inc.
List Price
$1,250,000
Sold Price
$1,100,000
Premium/Discount to List
-$150,000
-12%
Current Estimated Value
$1,607,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$507,426
Avg. Annual Appreciation
7.89%
Original Mortgage
$880,000
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 21, 2018
Closed on
Jul 20, 2018
Sold by
Parnell Co Ltd
Bought by
James G Ray Jr Ret
Seller's Agent
Jamie Weymouth
Megunticook Real Estate
Buyer's Agent
Leslie Tranchell
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$890,000
Sold Price
$890,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $784,000 Credit Line Revolving
Closed $338,448 Stand Alone Refi Refinance Of Original Loan
Closed $880,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $1,100,000 -12.0% $278 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
07/28/2020 07/28/20 For Sale $1,250,000 +40.4% $316 / Sq Ft
07/19/2018 07/19/18 Sold $890,000 0.0% $225 / Sq Ft
06/21/2018 06/21/18 Pending -- -- --
06/21/2018 06/21/18 For Sale $890,000 -- $225 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $19,904 $1,895,600 $750,000 $1,145,600
2023 $16,680 $1,208,700 $500,000 $708,700
2022 $15,955 $1,208,700 $500,000 $708,700
2021 $11,359 $740,000 $350,000 $390,000
2020 $11,122 $740,000 $350,000 $390,000
2019 $11,033 $740,000 $350,000 $390,000
2018 $10,441 $701,700 $350,000 $351,700
2017 $10,090 $701,700 $350,000 $351,700
2016 $10,660 $683,800 $351,400 $332,400
2015 $10,346 $683,800 $351,400 $332,400
2014 $9,814 $680,100 $351,400 $328,700
2013 $9,549 $680,100 $351,400 $328,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1357293

Maine Listings

APN: CAMD-000124-000013-000007